Tag Archive for Europe

Lies, Damned Lies, and Banks: Deutsche Bank’s Whitewash Of “Senior Management” – Wolf Richter- Testosterone Pit

Germany has its own JP Morgan, the bank that could do no wrong and got bailed out by the Fed and the taxpayer while CEO Jamie Dimon walked on water with a nimbus floating above his head, at least in the eyes of regulators and the government. Until someone had the gumption to peel away layers of obfuscation. What emanated was the acrid stench of internal putrefaction from the top down. After a series of legal battles, fines and settlements are piling up in the magnitude of tens of billions of dollars.